And the average buyer with an upside-down loan was $3,763 in the red.
Paul Ballew, the chief industry sales analyst at General Motors, said in a conference call earlier this month that G.M. had not seen its upside-down loan rate spike to the level suggested by studies similar to J.D. Power's.
If you make your payment every month and complete the full term of the lease, you will have paid off the upside-down loan, too.
But he said that rising household incomes and other economic factors offset upside-down loans.
Edmunds tracking data showed 27.9percentt of new car buyers with upside-down loans in January, up from 24.5percenttwo years earlierer.
Buyers get sucked into a monthly payment that they can handle, but taking on a longer loan term means the borrower is upside down on the loan for longer.
"If you paid sticker price with a low down payment, you're upside down in your loan when you drive off the lot," said Tamela Rich, director of auto development at LendingTree, a Web site that helps arrange loans.
Chase, for instance, has been quietly offering as much as $35,000 to homeowners who are "upside down" on their loans - meaning, they owe more than the home is currently worth.
The bubble burst, of course, and now many homeowners are upside down on their loans.
That's far below the 33.8% that would have appeared to be upside down on their loans using the old formula, CoreLogic said.
For people interested in finding potential sellers who are upside down on their loans — that is, owe more than the property is worth — or have 100% equity, a third RealAgile product, Equity Proposition Indicator, estimates the owner equity on properties ranked by MoveScore or CentreScore.
